Australian Mining Companies in Brazil
Two Australian companies have purchased dozens of mining rights in Brazil, intending to extract rare earth elements. This move has raised concerns among local communities in Poços de Caldas and Caldas due to potential environmental threats.
The region of Minas Gerais, where these towns are located, holds a significant deposit of rare earth elements with high concentration levels. These elements are essential for energy transition technologies, the military industry, and are also central to trade disputes between the US, China, and Brazil.
“nobody will lay hands on” Brazilian minerals
was stated by President Lula da Silva in July, perceived as a message to American President Donald Trump. The investment is expected to be substantial, but locals remain worried about the environmental impact.
Author's Summary
Australian companies' mining plans in Brazil spark local concerns.
- Poços de Caldas: population 163,000
- Caldas: population 14,000
- Minas Gerais: significant rare earth elements deposit
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